In todays’ real estate market, we have several forces contributing to inventory crunch.

  • Builders margins are getting squeezed by rising material prices and labor costs.
  • Many sellers are hesitant to list their homes because of a lack of selection on where to move next.
  • Multi-family developers are still having a harder time getting financing for a condo rather than a rental building.

The current is keeping supply low and also keeping prices up for most areas. Multiple offer situations are not uncommon.

Number of Boston condos for sale $500k and under – 13

Back Bay – 2 condos for sale under $500,000

Beacon Hill – 0

Charlestown – 4

South Boston – 4

The Fenway  – 3

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